Taking advantage of compliance regulations to pursue new revenue streams,
IBM said it has created a new storage device and software
packages to make it easier for businesses to meet record retention policies.
Increasingly, enterprises who trade in valuable information are making sure
they retain data for specific periods of time, in accordance with Basel II,
Sarbanes-Oxley and HIPAA mandates.
To capitalize on this need, IBM has crafted the IBM TotalStorage DR550,
which uses Power5 processors, to speed up data storage, while serving as a
central point of control for data, said Alan Stuart, chief strategist and
business line executive for IBM’s data retention solutions.
Supported by IBM Tivoli Data Storage for Data Retention, the machine stores up to 56 terabytes of data. Entry-level pricing for the machine, available November 24, is $81,000 and scales up to about $500,000 depending on configurations.
The Armonk, N.Y., vendor has also made enhancements to its TotalStorage tape
line, attaching the IBM 3494 B10 and B20 Virtual Tape Server (VTS) to the
TotalStorage 3592 Tape Drive to let customers archive data for a long period
of time.
Such improvements are evidence of Big Blue’s evolving information lifecycle
management (ILM) strategy to manage data from its creation until its
disposal. EMC , Hitachi Data Systems
,
StorageTek and others are following similar paths to ILM.
While EMC is largely credited with getting the ball rolling with regard to
compliance products underpinned by ILM, IBM launched
its first major series of risk and compliance offerings a year ago this
month.
Billed as part of IBM’s Risk and Compliance Framework, Stuart told
internetnews.com new software packages include the IBM Solution for
Compliance in a Regulated Environment, or SCORE, which is geared to make it
easier and more cost-effective for life sciences companies to reduce cycle
time for trials and to analyze and correct manufacturing data faster.
SCORE will be available in the first quarter of 2005.
Designed for the financial services sector, IBM Bank Data Warehousing
Software (BDW) is a single data repository for companies faced with the
requirements for reporting procedures, supporting Basel II and
Sarbanes-Oxley. It will be ready for sale October 29.
IBM’s eForms & Records Management Solution for Government uses IBM Tivoli
identity management software and VeriSign authentication technology to help
agencies create, digitally sign, archive and retrieve electronic forms, thereby
mitigating the risk of litigation.
This push for compliance management and protocols is directly tied to the
regulations installed in the past couple of years. Research firms such as
Gartner maintain that companies that have some sort of compliance regimen in
place could spend as much as half of what enterprises typically spend to
corral data.
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
FEATURE | By Samuel Greengard,
November 05, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
FEATURE | By Cynthia Harvey,
October 07, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2020
FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE | By Rob Enderle,
September 05, 2020
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.
Advertise with Us
Property of TechnologyAdvice.
© 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this
site are from companies from which TechnologyAdvice receives
compensation. This compensation may impact how and where products
appear on this site including, for example, the order in which
they appear. TechnologyAdvice does not include all companies
or all types of products available in the marketplace.